Today it was reported that the EC of Bloomin’ Brands (BLMN), Elizabeth A. Smith, exercised options to sell 116,318 BLMN shares at $6.50 a share, for a total transaction value of $2.33M.
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Based on Bloomin’ Brands’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $1.13 billion and quarterly net profit of $64.3 million. In comparison, last year the company earned revenue of $1.12 billion and had a net profit of $65.4 million. BLMN’s market cap is $1.82B and the company has a P/E ratio of 17.37. Currently, Bloomin’ Brands has an average volume of 572.7K.
Based on 5 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $23.67, reflecting a 20.0% upside.
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Bloomin’ Brands, Inc. engages in the acquisition, operation, design, and development of restaurant concepts. It operates through the following segments: U.S. and International. The U.S. segment operates in USA and Puerto Rico. The International segment operates in Brazil, South Korea, Hong Kong, and China.
